South Africa’s manufacturing output grew in December, data from Statistics South Africa showed on Thursday.

Manufacturing output rose 1.8 percent year-on-year in December, after a 4.1 percent decline in November.

The biggest positive contribution came mainly from food and beverages, motor vehicles, parts and accessories and other transport equipment, basic iron and steel, non-ferrous metal products, metal products and machinery, and wood and wood products, paper, publishing and printing.

On a month-on-month basis, manufacturing output decreased 0.1 percent in December, following a 0.6 percent decline in the preceding month. Economists had expected a 0.6 percent fall.

During the three months ended in December, manufacturing output gained 5.2 percent, after a 8.7 percent increase in the preceding period.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.